Suburban Propane Partners (NYSE:SPH) Sets New 1-Year High - Here's Why

Shares of Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $21.95 and last traded at $22.12, with a volume of 49285 shares traded. The stock had previously closed at $21.56.

Suburban Propane Partners Stock Performance

The stock has a 50-day moving average of $19.39 and a 200 day moving average of $18.60. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.53 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.81%. During the same period last year, the company posted $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio (DPR) is currently 122.64%.

Insider Activity

In related news, VP A Davin Dambrosio sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares in the company, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Schueler sold 7,746 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the transaction, the vice president now owns 11,133 shares of the company's stock, valued at approximately $233,013.69. This represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Suburban Propane Partners during the fourth quarter worth about $24,340,000. Raymond James Financial Inc. acquired a new stake in shares of Suburban Propane Partners during the fourth quarter worth about $3,474,000. JPMorgan Chase & Co. raised its position in shares of Suburban Propane Partners by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock worth $11,552,000 after purchasing an additional 155,360 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Suburban Propane Partners by 1.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company's stock worth $58,553,000 after purchasing an additional 33,560 shares during the period. Finally, Wealthstar Advisors LLC acquired a new stake in shares of Suburban Propane Partners during the fourth quarter worth about $554,000. Institutional investors and hedge funds own 30.94% of the company's stock.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.